Daily trend of the market is down
Market is still continuing with its counter rally and is very near to its major resistance. If this resistance is broken then market will come in uptrend. But till trend of the market remains down, the readers who had quit their longs on 3rd June may stay out of the market and do not create any long positions till the trend remains down.
Percentage above support
Percentage of stocks above support is still below 50%, so the readers who had quit the longs positions in cash market on 3rd June may not buy till percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Dish TV, Glenmark Pharma, Engineers India, Eicher Motors, Rel Industries, Bajaj Finance, Hind Petro, IOC, Britannia Ind & Bajaj Auto.
Weak Futures
This is list of 10 Weak Futures: Adani Power, JP Associates, Indiabulls Real Estate, Jindal Steel & Power, AmtekAuto, BOB, Rel Power, HDIL, PNB & DLF.
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